Whatever fail safes that were in place, if they were ever in place at all, have completely failed.

Nobody did their due diligence or cared even to do it.

Just because you help someone out of a hole does not mean they will change their ways. And as Wall Street demonstrated when they were bailed out, they jumped right back in.We are not out of the woods yet and this will happen again. In fact, I would bet that there are forces at work right now who are preparing to take advantage of the double dip, and probably engineering another Greece.

In Wall Street as long as money is being made, nobody gives a f**k. It's their nature. Like a scorpion.